STAND. COM. REP. NO. 982

 

Honolulu, Hawaii

                  

 

RE:    H.B. No. 278

       H.D. 1

 

 

 

Honorable Donna Mercado Kim

President of the Senate

Twenty-Eighth State Legislature

Regular Session of 2015

State of Hawaii

 

Madam:

 

     Your Committees on Human Services and Housing and Public Safety, Intergovernmental and Military Affairs, to which was referred H.B. No. 278, H.D. 1, entitled:

 

"A BILL FOR AN ACT RELATING TO THE DWELLING UNIT REVOLVING FUND,"

 

beg leave to report as follows:

 

     The purpose and intent of this measure is to:

 

     (1)  Authorize the Hawaii Housing Finance and Development Corporation, upon request by a county, to establish and operate a county affordable housing subaccount within the dwelling unit revolving fund; and

 

     (2)  Requires the Hawaii Housing Finance and Development Corporation to establish requirements for the establishment and operation of a county affordable housing subaccount.

 

     Your Committees received testimony in support of this measure from the Hawaii Housing Finance and Development Corporation, City and County of Honolulu office of the Mayor, and Land Use Research Foundation of Hawaii.

 

     Your Committees find that this measure authorizes the Hawaii Housing Finance and Development Corporation to establish and operate a county affordable housing subaccount within the dwelling unit revolving fund.  This subaccount will allow state dwelling unit revolving fund monies to be leveraged with county and private funds for the development of affordable housing and will encourage the development of affordable housing units in the counties.

 

     As affirmed by the records of votes of the members of your Committees on Human Services and Housing and Public Safety, Intergovernmental and Military Affairs that are attached to this report, your Committees are in accord with the intent and purpose of H.B. No. 278, H.D. 1, and recommend that it pass Second Reading and be referred to the Committee on Ways and Means.

 

Respectfully submitted on behalf of the members of the Committees on Human Services and Housing and Public Safety, Intergovernmental and Military Affairs,

 

________________________________

WILL ESPERO, Chair

 

________________________________

SUZANNE CHUN OAKLAND, Chair